Post Utme Igbinedion University 2021 Accounting Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2021 Accounting Objective / Multiple Choice
Question 12 POST_UTME_IGBINEDION_UNIVERSITY • 2021 • ACCOUNTING • objective

A trader purchased goods worth ₦150,000 on credit. He sold the goods for ₦200,000 and paid ₦50,000 in cash. What is the amount due to the creditor?

Answer Options

A. ₦50,000
Correct Answer B. ₦100,000
C. ₦150,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Igbinedion University 2021 Accounting Question 12. It is one of the objective questions from the 2021 Post Utme Igbinedion University Accounting examination.

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